Arizona charges Kalshi, alleging illegal gambling with election bets
Kalshi calls Arizona’s case ‘paper-thin’ and says the platform should not be overseen by ‘inconsistent state laws’
Arizona’s attorney general on Tuesday filed criminal charges against Kalshi, accusing the prediction markets platform of operating an illegal gambling business in the state and unlawfully allowing people to place bets on elections.
The charges filed by Kris Mayes, the Arizona attorney general, marked the first time a state has pursued a criminal case against Kalshi, which has been at the center of an escalating battle over the ability of state gaming regulators to police prediction markets operators. Continue reading...
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